New Car or Used? Find both in Butler: Chrysler Dodge Jeep & RAM!

From haggling on the price to choosing the make and model from hundreds of available manufacturers, buying a vehicle can feel like an overwhelming task. Deciding whether you should buy a new or used car is one of the tough decisions you will have to make, as this can make a big difference in your finances over the next several years.

Though new cars tend to be more expensive, you are more likely to be able to get exactly you want. On the other hand, a preowned car can save you money—but you may have to worry about maintenance or compromise on features that you want.

When you shop at a dealership that sells only new cars, your options might be limited.  If you’re car shopping in Butler, the Chrysler, Dodge and Jeep dealer, Precision Jeep, can help you find your perfect new or pre-owned model.  At a used and new dealership, you can explore the advantages and disadvantages of each option.

For some people, deciding whether to buy a new or used car can be easy. Some prospective buyers prioritize saving as much as possible and would never consider a new vehicle. Others may want to go for the exact car of their dreams, knowing that they’re the first and only owner.

Maybe you’re up for either option but want to know the pros and cons of buying new versus a pre-owned car. Either way, keep reading to learn more.

Advantages of a New Car

·       There’s no denying the appeal and prestige of a brand new car. The interior, the new-car smell, the shiny paint—not to mention the gasps of admiration from friends when they see it for the first time.  A new vehicle can offer the latest technology and could even come with a service contract, ensuring your peace of mind should certain car troubles come up.  Precision Jeep offers a wide selection of new vehicles in Butler. Chrysler, Dodge, Jeep, and Ram are available on inventory, making your purchase stress-free. Let’s have a look at a few other significant benefits of going with a new car.

·       Shopping for a New Car is Easier: You won’t have to get pre-purchase inspections or spend time researching a car’s history. Moreover, you will avoid the cost of hiring an independent mechanic to check the vehicle. Also, it is easy to figure out what you should pay and to get the particular make or model of vehicle you want. If the dealership doesn’t have a car on the lot in the trim or the color of your choice, they can order it from the factory. However, if you’re buying a used car, it might take a while to get the specific color or features you want.

·       Reliability: With a brand new car, you’re starting at zero miles on the odometer as against used cars. As such, most new models will have a few repairs in the first few years so that you can focus on the vehicle’s maintenance.They also run smoother, and you will avoid expenses from upgrades such as new tires. Besides, if anything goes wrong, the repair is probably covered by a warranty. But if you buy a used car, you might have to pay for repairs not included in a warranty. Depending on the mileage, a used vehicle could require expensive repairs.

·       Taking Advantage of Financing Offers and Incentives: Many dealers offer new car buyers special incentives. You can also take advantage of financing at a lower interest rate if you have good credit. Moreover, these offers could help reduce the upfront cost, making it less expensive to finance a new car than a preowned vehicle. Contact Precision Jeep for great offers and stress-free vehicle purchase in Butler. Chrysler, Dodge, and Jeep models are our areas of expertise, and you are guaranteed to get the best deal at Precision Jeep!

·       Customizing Your Car and Getting the Latest Technology:  Another advantage of buying a new car is customization. You can tailor your vehicle to your liking and order it through the dealership.  Moreover, new features for performance, comfort, and safety are introduced in new cars every year. So, purchasing a new vehicle might be the only way to get the latest tech features. For instance, you might get one with the newest safety features, such as structural reinforcements, side-curtain airbags, or collision warning systems. Moreover, new models offer more in terms of connectivity to your phone and other devices, as well as improved gas mileage and lower emissions.

Disadvantages of a New Car

·       Depreciation: One of the most significant downsides of buying a new car is that asides being expensive, they depreciate more quickly. There is a general saying that “vehicles lose value as soon as you drive it off the lot”- which is true. Consequently, you lose a considerable part of your investment that you can never get back. However, vehicles in high demand will have a higher value. For instance, certain brands have stronger resale value and depreciate at a lower rate because of their reliability. This can have an impact when you want to trade in your vehicle.

·       More Expensive to Insure: Also, new cars are more expensive to insure than used cars. For instance, some lenders might let you forgo collision or comprehensive coverage on a low-value used car, but you won’t be able to do so when financing a new vehicle.

Advantages of a Used Car

Price is one of the major determining factors for why buyers would prefer a used car. Used cars are hard to beat when it comes to personal financial reality as they are cheaper and can help save money. Apart from that, a used car has other benefits.

·       They are Less Expensive: As stated earlier, purchasing a pre-owned car will save you money and can be easier to fit into a monthly budget. Moreover, you can avoid long term loans that can put your finances underwater. Besides being an intelligent way to save money on one's everyday commute, used cars can save many taxes that add on the time registration of a vehicle. Also, although the initial interest on financing may be higher when compared to buying a new car, you’ll probably pay a lower interest rate in the long run since the cost of the vehicle will be lower.

 

Check out this used 2005 Jeep Wrangler Rubicon at Precision Jeep. And here is another low price used Nissan Maxima at Precision Jeep.

 

·       Slower Depreciation: A vehicle loses much of its value during the first few years of ownership. For instance, a new car loses between 15-25% value in the first year, depending on the make and model. This can be important if you plan to finance your car and sell it in the next couple of years.  You may discover that the vehicle’s value is not enough to cover what you owe on your car loan. Used cars, on the other hand, don’t depreciate as quickly as new vehicles. Depreciation of cars can slow down considerably after the first year, so you as a buyer don’t take a huge depreciation hit.

·       Besides, buying used cars gives you great bang for your buck. You can often find a low mileage, late-model used the vehicle in pristine condition at a much more reduced price than the new one.

·       Car History Reports are More Accessible than Ever: Unavailability of the history of a used vehicle is one of the downsides of buying a used car. However, with companies such as Carfax.com and Autocheck.com, one can get a vehicle history report in real-time to help with the decision. A vehicle history report can show a car’s record of maintenance, title history, and information about accidents and repairs.

The Disadvantage of Used Cars

·       Previous Ownership and Repairs: Despite the lower cost and other benefits, buying a used car has its downsides. First, you don’t know why it was traded in and how well it was maintained by the previous owner. And in cases where the car runs perfectly, it will require repairs quicker than if you had bought a new car. You might have to replace tires or brakes. Other necessary maintenance might include radiator and transmission flushes.

·       Finding Exact Features and Options: It may be challenging to get a used car that comes with the specific features you want. Unless you can pay more, you’ll have to compromise on the color, mileage, trim level or condition of the car. Moreover, you may have to do more legwork to get your options.

·       Warranty: Since there’s usually no warranty coverage, you’ll have to pay out of pocket for any repairs. However, you can get extended warranty when you buy from dealerships such as Precision Jeep in Butler. Chrysler, Dodge, and Jeep are available in both new, used, or certified conditions. 

·       Expensive Financial: Lenders generally charge higher rates on used cars than they do on new cars. This can be due to increased risk in the value of the vehicle being financed or when the buyer has high credit risk. As such, your financing will probably be more expensive.

Another Option to Consider:

·       Certified and Approved Cars

Are you looking to buy your dream car but don’t want to shell out cash for the new version? Certified and approved vehicles have passed through the necessary checks and come with a peace of mind. You can get certified vehicles from reputable dealers such as Precision Jeep in Butler. Chrysler, Dodge, Jeep, and other well-known car brands are available for your inspection.

Have a look at this Certified Preowned 2016 Dodge Journey AWD Crossroad SUV.

 

In summary

There are benefits and negatives of buying both new and old cars, and your decision may depend upon your personal preference and financial situation. Just be sure to consider your options to get value for your money. If you’re buying used cars, purchase from reputable dealers and carry out vehicle history reports. Whatever your choice, you’ll find a wide variety of both used and new vehicles in Butler. Chrysler, Dodge, Jeep, and RAM, as well as other vehicle brands, are available for inspection.